Is dis mandate to mention the bifurcation of CTC in appointment letter?
From India, Amritsar
Acknowledge(0)
Amend(0)
From India, Amritsar
Acknowledge(0)Amend(0)
Hello, In Appointment letter needs to mention only bifurcation of Gross salary, No needs to mention his CTC break up. Thanking you, Regards, Ashish Thakkar
From India, Pune
Acknowledge(0)Amend(0)
176From India, Pune
Acknowledge(0)Amend(0)
Importance of CTC Breakdown in Appointment Letters
It is always advisable to provide the breakup of the CTC to all employees as an annexure to the appointment letter. Employees should not be kept in the dark regarding the CTC. Nowadays, employees often complain that they were promised to receive an 'x' salary, but they are given a 'y' salary, stating that some of the components are part of the CTC. However, it is not mandated by any law or act.
Regards,
From India, Ahmadabad
Acknowledge(0)Amend(0)
It is always advisable to provide the breakup of the CTC to all employees as an annexure to the appointment letter. Employees should not be kept in the dark regarding the CTC. Nowadays, employees often complain that they were promised to receive an 'x' salary, but they are given a 'y' salary, stating that some of the components are part of the CTC. However, it is not mandated by any law or act.
Regards,
From India, Ahmadabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Appointment Letter.docx